United Airlines (UAL) Soars 14% on Optimistic Outlook, Ahead of Q2 Earnings

United Airlines Holdings, Inc. (NASDAQ:UAL) is one of the stocks that are flying past expectations.

United Airlines soared by 14.33 percent on Thursday to close at $91.67 apiece as sentiment was bolstered by upbeat comments about the overall travel industry and investor repositioning ahead of the release of its earnings results.

Based on its historical earnings reporting dates, United Airlines Holdings, Inc. (NASDAQ:UAL) is likely to announce its second quarter results sometime next week, and investors already appeared optimistic following Delta Air Lines, Inc.’s (NYSE:DAL) strong earnings results, noting that the travel sector is now stabilizing.

Delta’s earnings results spilled over to shares of United Airlines Holdings, Inc. (NASDAQ:UAL), Southwest Airlines Co. (NYSE:LUV), and American Airlines Group Inc. (NASDAQ:AAL).

In the first quarter of the year, United Airlines Holdings, Inc. (NASDAQ:UAL) swung to a net income of $387 million from a net loss of $124 million in the same period last year.

Total operating revenues increased by 5.4 percent to $13.2 billion from $12.5 billion year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.